Buy Can Fin Homes with a target of Rs 2260: Motilal Oswal Securities

Motilal Oswal Securities has a buy call on Can Fin Homes Ltd. with a target price of Rs 2260 . The current market price of Can Fin Homes Ltd. is Rs 1665 . Time period given by analyst is year when Can Fin Homes Ltd. price can reach defined target.
Can Fin Homes is a South India-based home financier focused on Tier 1 and Tier 2 cities promoted by Canara Bank in 1987 which owns 43.5 per cent shareholding. CanFin Homes is India's sixth largest housing finance company.
CanFin's has set a target of achieving a loan book of Rs 35,000 crore by the year 2020 which translates to a 33 per cent CAGR in loan book which is much higher than the 20-22 per cent growth expected for its peers.